Daily and larger time frame is clearly up as nifty is witnessing a mild profit booking on the higher side as the corrections. 5290 is crucial initially. Below that 5275/65 will provide stronger support. On the upside 5260 remains a hurdle. Above which 395-5405 will be immediate targets. Positional targets remain same @ 5450/60-5500 zone. Trade the range and buy the dip.
Have you taken a break? I haven't seen one of your usual excellent TA posts in a while.:)
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